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One of the world’s most exclusive clubs just got a new member, with a second aspirant knocking on the door.
Twenty-seven years to the day after founding Amazon in a Bellevue garage, Jeff Bezos has relinquished control of his company. Bezos’ trusted deputy, Andy Jassy, stepped into his new role as Amazon’s chief executive on July 5.
LOS ANGELES: Billionaire sports moguls E. Stan Kroenke and Steve Ballmer are betting sizable shares of their personal fortunes that masses of people will want to gather again.
(Reuters) -Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson.
Despite damaging allegations suggesting Bill Gates pursued women who worked for him, don’t expect changes to his roles at the two iconic institutions he co-founded, Microsoft and his namesake philanthropic foundation.
The box looked like an old VCR, the controller was comically large, and it was made by one of the most boring companies on earth. Somehow, the Xbox triumphed and gave Microsoft Corp the first-and last-successful video game console brand from an American company since Atari.
Reality finally set in for Rony Abovitz in May. The augmented reality headset that had been under development for nine years inside his company, Magic Leap Inc, had been a colossal flop.
Microsoft Corp’s potential acquisition of short-video app TikTok carries myriad risks, thrusting it into the politically fraught social media business and Sino-US conflict amid increased scrutiny of big-tech companies.
The fast-growing wealth of four technology magnates provides a breathtaking measure of their companies’ economic might.
Warren Buffett’s US$2.9bil (RM12.36bil) gift this week means he has now given away Berkshire Hathaway Inc shares valued at more than US$37bil (RM157.71bil) since 2006.